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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| City Of London Group Plc | LSE:CIN | London | Ordinary Share | GB00BD9GS058 | ORD 2P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 10.00 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number:1913O
City Of London Group PLC
31 July 2003
RELEASED ON BEHALF OF:
City of London Group PLC (LSE: CIN)
JULY 31, 2003
COLG'S INVESTMENT PORTFOLIO SHOWS GOOD GAIN SINCE MARCH:
ARCHIVE-IT DISPOSAL TALKS CONTINUE ON AN EXCLUSIVE BASIS
Discussions on the disposal of Rchive-it.com Ltd (trading as Archive-it), the
compliance archiving software business, are now continuing with an American
company on an exclusive basis, chairman John Greenhalgh told the annual meeting
today. He added that the group was also looking at a small acquisition
within the media sector.
The group's investment portfolio showed good recovery from end March and in the
four months to end July had gained #1.1m to #6.58m (including #280,000 unquoted)
before bank borrowings of just under #3m. Additionally the investment in
Archive-it stood at #2.55m.
Trading in the PR division specialising in mining and exploration companies,
remained difficult, and was under examination for a new strategy to be
introduced in the second half.
Further Information:
John Greenhalgh, Chairman City of London Group. Tel: 020-7628-5518;
070500-39678 (mobile)
Peter Doye, Deputy Chairman, City of London Group. Tel: 020-7628-5518
This information is provided by RNS
The company news service from the London Stock Exchange
END
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